Savvy Trades and Investments

[Bobwins]

This is a bit late but one hedge against the volatility is TLT. What is the one thing we can almost guarantee, FED will lower rates if things look bad. They are the one central bank that has room to do it.

Actually TLT has been a slightly better hedge than gold. I'm sticking with gold but TLT has done a nice job and market is expecting another .25 in March.

On a CV-19 note, the deaths in Seattle are almost all from the nursing home. 9 deaths so far and about a 30% death rate vs verified cases because most of the cases are from the one nursing home. They have had to quarantine dozens of the local city ambulance crews because they have been taking the nursing home folks by ambulance to the hospital without hazmat suits before the confirmed CV 19 diagnosis. I expect there will be dozens of deaths from this one facility with 180 residents and 80 employees. One news story said 50 of the staff have some symptoms.

https://komonews.com/news/coronavirus/feds-to-investigate-kirklands-life-care-center-as-death-toll-rises

On another side note, I expect a big market pop if the current tests that started in mid February come out positive for the anti virals that were intended for other diseases but might help with CV-19. The first victim in Washington recovered and he was given remdesivir early in the process. This is a failed ebola treatment. The victim was young so he probably would have recovered anyway but even if it helped avoid some fatalities in the older, weakened victims, it might reduce death toll significantly. They are also testing an AIDS combo drug.